Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Shares Sold by Capital International Investors

Capital International Investors lessened its holdings in shares of Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 63.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,000 shares of the company’s stock after selling 105,000 shares during the period. Capital International Investors’ holdings in Capital Group U.S. Multi-Sector Income ETF were worth $1,622,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Kingsview Wealth Management LLC grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 51.7% during the first quarter. Kingsview Wealth Management LLC now owns 15,808 shares of the company’s stock worth $427,000 after acquiring an additional 5,388 shares during the period. Souders Financial Advisors grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 9.9% in the first quarter. Souders Financial Advisors now owns 211,398 shares of the company’s stock valued at $5,716,000 after purchasing an additional 18,975 shares during the last quarter. Avantax Advisory Services Inc. acquired a new stake in Capital Group U.S. Multi-Sector Income ETF in the first quarter valued at $294,000. Inspire Advisors LLC grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 12.7% in the first quarter. Inspire Advisors LLC now owns 41,122 shares of the company’s stock valued at $1,112,000 after purchasing an additional 4,640 shares during the last quarter. Finally, Pillar Wealth Advisors LLC grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 1.3% in the first quarter. Pillar Wealth Advisors LLC now owns 51,543 shares of the company’s stock valued at $1,394,000 after purchasing an additional 649 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Stock Up 0.2 %

Capital Group U.S. Multi-Sector Income ETF stock traded up $0.06 during trading hours on Friday, hitting $27.34. The stock had a trading volume of 209,789 shares, compared to its average volume of 284,578. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $25.00 and a 1-year high of $27.62. The stock’s fifty day moving average is $27.09 and its two-hundred day moving average is $26.97.

About Capital Group U.S. Multi-Sector Income ETF

The Capital Group U.S. Multi-Sector Income ETF (CGMS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks a high level of current income from an actively managed fund of US corporate debts with varying maturities and credit quality. CGMS was launched on Oct 25, 2022 and is managed by Capital Group.